Forex Signal For EUR/USD: A Possible Bearish Break Below 1,1700
Forex Signal For EUR/USD: A Possible Bearish Break Below 1,1700
EUR/USD will likely continue the downtrend as traders aim to break below 1,1700.
Bear Market Outlook
- Sell EUR/USD and set to take a profit at 1,1650
- Add a stop-loss at 1,1800.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: A Possible Bearish Break Below 1,1700
Bull Market Outlook
- Take a buy-stop at 1,1800 and set to take a profit at 1,1900.
- Add a stop-loss at 1,1700.
The EUR/USD pair came under pressure during the Asian session, influenced by the upcoming German sentiment and US inflation data. The pair is trading at 1,1750, where it fell after impressive US employment numbers.
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